PM Modi cited India would learn from the experience of other countries, especially China, which has put in place policies and regulations for promoting their traditional medicine and said the country can become a world leader in affordable and holistic healthcare.

"If these issues are addressed properly, I am sure Ayurveda can provide solutions to many health problems. India can be a leader in making affordable, holistic healthcare available to the world," he said.

Addressing the 'Vision Conclave' held as part of the five-day Global Ayurveda Festival here, he also said the Centre was committed to promoting traditional medicines to provide cheap and effective healthcare in the country.

"We are committed to promoting the use of traditional medicine in our public health system through regulation of research and appropriate integration of quality products, practices and practitioners into the health system," he said.

Such initiatives were being taken to address issues related to escalating treatment costs and side-effects of medicines, he said.

PM Modi stated steps were being taken to bring regulatory amendments for effective enforcement and strengthening the regulatory framework for AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy) drugs at central and state levels.

In this regard, he said initiatives were being undertaken to create a vertical structure for AYUSH drugs in the Central Drug Standards Control Organisation.